Polymarket May Launch Token, Valuation Soars to $9 Billion
TradingKey – Polymarket is reportedly preparing to issue its own token, with its valuation climbing to an estimated $9 billion.
On September 16, market sources revealed that Polymarket has filed documents with the U.S. Securities and Exchange Commission (SEC) indicating the issuance of “other warrants” in its latest funding round — a move that often signals plans to launch a cryptocurrency.
On September 12, The Block reported that Polymarket is considering a new round of fundraising, with its valuation potentially reaching $9 billion. Earlier this summer, the platform completed a previous round at a much lower valuation of just $1 billion.
Polymarket’s valuation has surged dramatically following the U.S. Commodity Futures Trading Commission (CFTC) decision to end its investigation and allow the platform to re-enter the U.S. market. In August, Polymarket’s trading volume hit $1 billion, significantly outpacing rival Kalshi’s $875 million.
It’s worth noting that Polymarket has ties to the Trump family. Donald Trump Jr.’s venture capital firm, 1789 Capital, reportedly invested tens of millions of dollars into the platform.
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